In a recent statement, Citigroup CEO Jane Fraser noted that radical changes are coming in order to simplify the bank.
The executive spoke of a “major management reorganization that will allow her to more directly supervise her businesses, in an attempt to simplify the bank.”
According to Fraser,…
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Citigroup
Citigroup extends its withdrawal from the Russian market
The US bank Citigroup has announced its intention to extend the scope of its withdrawal from the Russian market, from which it had already announced its intention to leave the consumer business, as well as the cessation of the search for…
Major international banks have investments in blockchain projects
International financial institutions are entering the blockchain ecosystem. This was highlighted in the research carried out by the Blockdata consultant, which reflects that "55 of the 100 main fundamental banks have investment…
Citigroup will sell its operations in Venezuela to BNC
Citigroup Inc. reported on Monday, July 12, that it will sell its operations in Venezuela to Banco Nacional de Crédito (BNC), ending more than a century of operations in the country.
The institution has already obtained the necessary…
Citigroup sees bitcoin at a “tipping point”
The Swiss institution Citigroup recently assured that bitcoin would be close to becoming "the currency of choice for international trade."
Despite this, the group noted that there are a number of difficulties that "stand in the way of…
Citigroup shows interest in creating sovereign cryptocurrencies
The largest financial services company in the world, Citigroup, has announced its intention to promote development projects with public institutions with governments around the world in terms of creating digital currencies.
Although no…